Labor Rules out Raising Compulsory Super Contribution From 12 to 15 Percent

Labor also plans to stop unsolicited sales calls targeting Australians aimed at convincing them to change super funds to high-risk investments.

Labor Rules out Raising Compulsory Super Contribution From 12 to 15 Percent

TL;DR

  • Compulsory superannuation contributions will not be raised from 12% to 15%.
  • Federal public servants currently receive a 15.4% superannuation guarantee.
  • Labor plans to stop unsolicited sales calls targeting individuals for super fund changes to high-risk investments.